Quebecor (TSE:QBR.A) Stock Gets Price Target Reduction from Desjardins

Quebecor (TSE:QBR.A) had its price objective lowered by Desjardins from C$76.00 to C$74.00 in a report published on Wednesday,BayStreet reports. Desjardins currently has a buy rating on the stock.

Separately, Raymond James Financial set a C$72.00 price objective on shares of Quebecor and gave the company a “market perform” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.67.

Quebecor Stock Down 3.8%

Quebecor stock opened at C$62.02 on Wednesday. The firm has a market capitalization of C$13.86 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.44 and a beta of 0.62. The company’s 50 day simple moving average is C$64.07 and its 200 day simple moving average is C$63.75. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a fifty-two week low of C$43.18 and a fifty-two week high of C$71.89.

Quebecor (TSE:QBR.A) last issued its earnings results on Thursday, August 6th. The company reported C$1.07 EPS for the quarter. The firm had revenue of C$1.44 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. As a group, sell-side analysts anticipate that Quebecor will post 3.47 EPS for the current year.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.